Bloomberg: Telegram's cryptocurrency will be traded at Liquid exchange 3 time higher than ICO price

Even before the official release of Telegram Open Network's blockchain platform, its own cryptocurrency may grow by 200% relative to the levels at which it was released last year, Bloomberg writes.

On July 10, South Korean company Gram Asia intends to put up for sale the rights to cryptocurrency at $4 per unit, said the Japanese stock exchange Liquid, the platform of which will be used during the campaign. One of the participants in the second stage of the ICO TON private round, held in March 2018, said that in his case, the price of 1 Gram was $1.33. The cost of Gram may be reduced to $3.50 per unit if investors use their own Liquid QASH cryptocurrency during the public sale, the exchange said this Wednesday.

According to Bloomberg, Telegram raised $1.7 billion last year to finance the development of its blockchain. The platform is expected to be launched in the third quarter of this year.

In mid-June Liquid CEO Mike Kayamori confirmed the skeptics' fears that Telegram is not really connected to the upcoming public sale of Gram. "It's all arranged between Liquid and Gram Asia. It's natural. We know people from Gram Asia. We believe in the Telegram Open Network and its community," he said then.

One of TON's investors also expressed doubts about the permissibility of such a proliferation of Gram, as the agreements on the purchase of cryptocurrency, according to him, do not provide for the transfer of rights before the official release.

What do you think will it be profitable to buy gram token of telegram in Liquid exchange, or it will be not so profitable?
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